Tag: bitcoin technical analysis

Bitcoin Price Technical Analysis for 09/20/2017 – Still Holding on to $4000 No Comments

Bitcoin Price Key Highlights Bitcoin price is still hovering around the $4000 level, which seems to be holding quite well as an area of interest. This lines up with the 50% Fibonacci retracement level on the 4-hour time frame with the next Fib adding an extra layer of resistance. Technical indicators are signaling that the selloff is about to resume. Bitcoin price is having a tough t...


Bitcoin Price Technical Analysis for 09/19/2017 – Can Bulls Keep It Up? No Comments

Bitcoin Price Key Highlights Bitcoin price has bounced off a long-term area of interest after its recent sharp drop, signaling that the uptrend could still resume. Applying the Fib extension tool on this major correction could indicate how high bulls could take bitcoin from here. Technical indicators on the daily time frame also suggest that the long-term climb could carry on. Bitcoi...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD To Struggle Above $4000 No Comments

Key Points Bitcoin price after a nasty decline towards the $2965 level against the US Dollar found support. There are two major bearish trend lines forming with resistance near $3900-4000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair might struggle to move back above the $4000 level considering the current market sentiment. Bitcoin price declined sharply below $...


Bitcoin Price Technical Analysis for 09/15/2017 – Here Come The Bears! No Comments

Bitcoin Price Key Highlights Bitcoin price recently broke below the neckline of the head and shoulders pattern highlighted in a previous article. Price broke to the downside as bearish factors lined up and risk sentiment also flipped. Bitcoin is has been on a steep drop but is on its way to testing an area of interest that could draw some buyers in. Bitcoin price confirmed the revers...


Bitcoin Price Technical Analysis for 09/14/2017 – Finally a Breakout! No Comments

Bitcoin Price Key Highlights Bitcoin price was previously trading above the head and shoulders neckline visible on the 4-hour time frame before breaking lower to confirm the selloff. The chart pattern spans $4000 to $5000 so the resulting downtrend could last by the same height, taking bitcoin to $3000. A descending channel is also forming to connect the latest highs and lows of price a...


Bitcoin Price Technical Analysis for 09/13/2017 – Stuck in a Range! No Comments

Bitcoin Price Key Highlights Bitcoin price has been cruising sideways, moving between support around $4100 and resistance at $4350. Price appears to be bouncing off the floor once more and could be due for a move up to the ceiling again. Technical indicators are showing mixed signals while traders are waiting for more clues from market catalysts. Bitcoin price has been moving sideway...


Bitcoin Price Technical Analysis for 09/12/2017 – Head and Shoulders Completed No Comments

Bitcoin Price Key Highlights Bitcoin price has completed the right shoulder on its head and shoulders reversal formation on the 4-hour time frame. Price is sitting right on the neckline, still deciding whether to make a bounce or a break. The chart pattern spans $3800 to $5000 so the resulting breakdown could last by $1200, taking bitcoin price to $2600. Bitcoin price could be due fo...


Bitcoin Price Technical Analysis for 09/11/2017 – Descending Triangle Pattern No Comments

Bitcoin Price Key Highlights Bitcoin price has formed lower highs and found support around $4060, creating a descending triangle pattern. Price just bounced off support and could be due for a test of resistance soon. Most technical indicators on the 1-hour chart hint that the top of the triangle could keep gains in check. Bitcoin price is consolidating inside a descending triangle pa...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD To Breakdown? No Comments

Key Points Bitcoin price is struggling to remain above the $4100 support area against the US Dollar. There is a key bullish trend line with support at $4150 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is heading towards the trend line support at $4150 and might attempt a downside break. Bitcoin price is finding it hard to stay above $4200-4100 against ...


Bitcoin Price Technical Analysis for 09/08/2017 – Small Reversal Pattern? No Comments

Bitcoin Price Key Highlights Bitcoin price failed in its last two attempts to break past the $4650 level, creating a double top or classic reversal pattern on the 1-hour chart. Price has yet to test the neckline at the $4500 mark and break below it to confirm that a selloff is in order. Technical indicators are showing mixed signals at the moment. Bitcoin price is forming a small dou...


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